North Carolina Chapter of HIMSS (EIN 561961076) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

Timothy Gray

Phone

3362756511

Tax Period

2024-07-01 to 2025-06-30

North Carolina Chapter of HIMSS, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $403K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $69K, a strong 17% operating margin.

Mission

To plan and schedule meetings, which would provide chapter members and other interested persons an opportunity to share ideas and exchange experiences in the field of healthcare information and management systems.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,097

Program Service Revenue $390,427

Investment Income $1,369

Other Revenue $0

TOTAL REVENUE $402,893

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $333,452

Other Expenses $330,953

TOTAL EXPENSES $333,453

Year-over-Year Comparison

	2024	2023	Change
Revenue	$402,893	$279,534	+0.4%
Expenses	$333,453	$407,563	-0.2%
Net Income	$69,440	$-128,029	-1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Timothy Gray	President	5.00	Officer Director	$0	$0	$0
Catherine Dierderich	President Elect	5.00	Officer Director	$0	$0	$0
Steffany Whiting	Secretary & Co-Programming Comittee Chair	5.00	Officer Director	$0	$0	$0
Rick Reddel	Treasurer	5.00	Officer Director	$0	$0	$0
Leslie Cothren	Past President	5.00	Director	$0	$0	$0
Donald Cox	Programs Chair	5.00	Director	$0	$0	$0
McRay Simmons	Sponsorship Chair	5.00	Director	$0	$0	$0
Greg Foster	Outreach Chair	5.00	Director	$0	$0	$0
Molly True	Communications & Marketing Chair	5.00	Director	$0	$0	$0
Malcolm Sanderson	Membership Chair	5.00	Director	$0	$0	$0
Mike Plesh	Technology Chair	5.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$402,893	$333,453	$214,053	$69,440
2024	$279,534	$407,563	$124,230	$-128,029
2023	$381,259	$308,948	$245,290	$72,311

North Carolina Chapter of HIMSS